The depreciation schedule for an asset, with a salvage value of $90 at the end of the

Question:

The depreciation schedule for an asset, with a salvage value of $90 at the end of the recovery period, has been computed by several methods. Identify the depreciation method used for each schedule.

Year A B C D E

1 $323.3 $212.0 $424.0 $194.0 $107.0

2 258.7 339.2 254.4 194.0 216.0

3 194.0 203.5 152.6 194.0 324.0

4 129.3 122.1 91.6 194.0 216.0

5 64.7 122.1 47.4 194.0 107.0

6 ----- 61.1

970.0 1060.0 970.0 970.0 970.0

Depreciation
Depreciation is an important concept in accounting. By definition, depreciation is the wear and tear in the value of a noncurrent asset over its useful life. In simple words, depreciation is the cost of operating a noncurrent asset producing... Salvage Value
Salvage value is the estimated book value of an asset after depreciation is complete, based on what a company expects to receive in exchange for the asset at the end of its useful life. As such, an asset’s estimated salvage value is an important...